199 Burlington Street, London South

$524,900
199 Burlington Street

$524,900

New
2d
DetachedBungalow

199 Burlington Street, London South

Total Monthly Obligation $2,794

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
2d
Score
22
Yield
5.9%
Cash on Cash
1.0%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Detached
MLS® Number-X14103482
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-60 × 100.08 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,620 (2025)
Parking-3 - None
Basement-Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-HOUSESIGMA INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-South J
Title-Residential Freehold

No agent assigned

Welcome to this beautifully maintained 3-bedroom, 2-bathroom bungalow, ideally situated on a quiet, family-oriented street in London, Ontario. Demonstrating true pride of ownership, this home has been exceptionally well cared for inside and out, with more than $75,000 in thoughtful updates that offer comfort, style, and peace of mind for its next owner. The bright main level features new flooring and fresh paint throughout, a fully renovated kitchen with updated appliances - including a induction stove - and a beautifully renovated bathroom. Downstairs, the finished basement offers a separate entrance and excellent flexibility for extended family, rental income, or multi-generational living. The basement previously contained a full kitchen apartment; although the kitchen was removed by the current owner, the space could be easily converted back. This creates an exciting opportunity for a savvy house hacker looking to offset mortgage costs or an investor exploring two-unit potential. Major improvements by the Owner include: New Furnace (2020), Basement renovation (2022), Full kitchen renovation (2022), New kitchen appliances (2022), New Washer & Dryer (2022), Fully renovated bathroom (2022), Hot water on Demand (2022), New sump pump (2023), New Bay window (2024) New air conditioner (2025), New deck (2025), New Fence (2025), New flooring (2026), Main floor painted (2026), New Roof (2026) From its extensive mechanical and cosmetic upgrades to its inviting indoor and outdoor spaces, every detail reflects the owner's commitment to maintaining and improving this home. Move in with confidence and enjoy a turnkey property with outstanding versatility and income potential.

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%
%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$419,920
Land Transfer Taxes$6,973
Legal Fees (Est.)
$
Total cash required for closing$113,453

Total Monthly Obligation

$2,794/mo
Mortgage $2,117
Monthly Loss $2,237
Principal$557
Interest$1,560
Property Tax$302
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
11.9%49
10-Year IRR
12.1%
Returns Index
25.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,200/yr
NOI
$19,960/yr
Net Cash Flow
-$454/mo
Cash Margin
-17.5%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7913
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
30.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 199 Burlington Street

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